• Year Built: 1900
82 South State Street is amulti-family property for lease in Concord, NH.
Great Investment Property in Downtown Concord. The property consists of four (4) one bedroom apartments and one (1) retail unit in the front of the building just rented! There is a large parking lot to the rear of the property. This is on the corner of South State Street and Downing Street with excellent visibility!
All of the (4) one-bedroom apartments are already leased. One tenant pays $625 per month and the other one-bedroom is rented at $675 per month. Both of these tenants are on a month-to month (TAW) (So increases in rent can occur!). The other two (2) one-bedroom apartments have just been newly redone with new wiring, carpet and paint and are leased for One Year as of June 8th at $700 per month.
All the one-bedroom tenants pay their own separately metered electricity and gas heat and hot water.
The Landlord pays the water/sewer for the entire building.
Retail Unit lease consisting of 900 +/- SF is available for lease at $750 per month plus Tenant to pay separately metered utilities. This retail unit has been all redone to include new outlets, suspended ceiling, electric panel, 2 x 4 LED lighting, plank vinyl flooring and portable A/C units.
This property just appraised for $265,000! (June 2016).
Insurance is $4,871 per year and real estate taxes are $7,045.52 per year.
48 HOUR PRIOR NOTICE TO SHOW! See attached Pro-forma
This ideal Investment Property won't last!!
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- Chris Norwood, agent and Rofo Pro